Midnight is a new privacy-focused blockchain built by IOG, featuring two key tokens: NIGHT (a utility and governance token) and DUST (a non-transferable shielded resource for private transactions).
This episode walks through the entire claim and redemption process, eligibility requirements, and why the staggered release of NIGHT is designed to prevent token dumping.
The GlacierDrop claim is open to holders of ADA, BTC, ETH, XRP, BNB, SOL, AVAX, and BAT based on a snapshot taken on June 11, 2025. ADA holders receive the largest allocation—50% of the eligible airdrop supply.
You’ll need to connect your wallet to the official GlacierDrop portal when it launches and claim within a 60-day window.
After that, unclaimed tokens move to the Scavenger Mine phase, followed by a long-term
Lost & Found period that spans four years. Redemption of NIGHT tokens follows a 360-day vesting schedule with unlocks every 90 days, starting randomly within the first 90 days post-claim.
Each redemption requires a transaction on Cardano, so be ready to cover network fees.
Also, Cardano SPOs can earn NIGHT by participating in Midnight’s block production. Delegators to those pools will benefit too—so be sure to speak with your SPO.
📌 Claim Site: [to be announced]
📚 Tokenomics: https://midnight.gd
🛠 GitHub: Midnight node Docker container available
https://github.com/midnightntwrk/midnight-node-docker
Stay tuned and subscribe so you don’t miss your claim window.
00:00 Midnight GlacierDrop Tokenomics Revealed
00:29 What is Midnight and its Cardano link
00:54 NIGHT and DUST tokens explained
01:49 NIGHT’s multi-chain role and governance
02:19 GlacierDrop, Scavenger Mine, Lost & Found phases
02:45 Snapshot date and eligible assets
03:15 Claim website and redemption overview
03:45 Token allocation breakdown
04:15 Scavenger Mine reallocation
04:44 Lost & Found second chance
05:12 60-day claim window explained
05:41 Vesting and thawing period
06:09 Full claim schedule timeline
06:37 Randomised thaw unlock
07:32 Avoiding token dumps
07:57 Redeeming in instalments
08:27 Cardano fees and grace period
08:53 Lost & Found smart contract claims
09:20 If the portal goes offline
09:44 Manual claim opportunities
10:13 NIGHT and DUST token recap
11:05 SPO and delegator token rewards
11:34 Final tokenomics notes
12:02 Outro and claim reminder
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